Calculating the value of human capital and minimum wage

Poland

Ukraine

Monthly living costs, k

PLN 1004.0

UAH 2197.0

Years of capitalization

18

18

Human capital value, H(p) = K(p)

PLN 485,655.0

UAH 1,062,647.0

Annual remuneration, W(p) = H(p) × 0.08

PLN 38,852.4

UAH 85,012.0

Remuneration per hour, W(p)/12/176

PLN 18.40

UAH 40.2

Legal minimum wage per houra

PLN 17.82

UAH 29.2

Percentage of compliance

97%

73%

Settlement of income in the family

Family (2 adults + 2 children)

2 + 2

2 + 2

Income (2 adults)

PLN 6475.4

UAH 14,150.4

Pension contributions 20%

PLN 1295.1

UAH 2830.1

Health insurance 10%

PLN 647.5

UAH 1415.0

Total amount remaining in the family

PLN 4532.8

UAH 9905.3

Amount per person

PLN 1133.2

UAH 2476.3